Audit committee and internal audit effectiveness in a multinational bank subsidiary: A case study

Cahill, Edward

doi:10.1057/palgrave.jbr.2340011

Cited by 21 publications

(18 citation statements)

References 8 publications

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“…Therefore, it has agreed and supported this hypothesis due to other studies findings such as the study of Abu-dalbouh (2012) and Cahill (2006).…”

Section: Analysis Of the First Major Hypothesissupporting

confidence: 73%

Evaluation of Internal Control Units for the Effectiveness of Financial Control in Administrative Government Units: A Field Study in Jordan

Al-Hawatmeh

2016

ESJ

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The aim of this study is to state the assessment of internal control units for the effectiveness of financial control in administrative government units. Also, it aims at identifying the obstacles that limits the evaluation of internal control units for the effectiveness of financial control in administrative government units. In order to achieve the objectives of the study and the testing of hypotheses, the researcher designed a questionnaire. This questionnaire was distributed to managers and employees in the internal control of the administrative government units. Out of the 125 questionnaires distributed, 96 were recovered with an adoption rate of 77%. The results showed that the assessment of internal control units for the effectiveness of financial control in administrative government units typically became high with an arithmetic mean (4.099) and standard deviation (0.511). The researcher attributed this result to the data analysis, verification, and validation of the financial transactions. Also, accounting entries which is related to income and expenditure were in accordance with laws, financial regulations, and the prescribed accounting for financial controls. Hence, this is the constraints that limit the effectiveness of the auditors of the Audit Bureau when they conducted financial and managerial control and evaluation in administrative government units. Generally, it became high with an arithmetic mean (3.551) and a standard deviation (0.610). Thus, the researcher attributed this result to the existence of certain obstacles, the most important routine work, lack of incentives and benefits, and others as indicated in the results of the study. Based on the results of the study, the researcher recommended the need for attention to the human element as one of the main components of internal control system. This is in terms of training and development to keep pace with scientific progress and the practical need to emphasize the reformulation of some legislation. Also, it

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“…Therefore, it has agreed and supported this hypothesis due to other studies findings such as the study of Abu-dalbouh (2012) and Cahill (2006).…”

Section: Analysis Of the First Major Hypothesissupporting

confidence: 73%

Evaluation of Internal Control Units for the Effectiveness of Financial Control in Administrative Government Units: A Field Study in Jordan

Al-Hawatmeh

2016

ESJ

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“…Van Peursem (2005) (Chambers, 2008). Cahill (2006) presented a case in which IA identified a major issue -the malpractice of interest loading in a bank -but failed to communicate the findings clearly to the AC. Rittenberg and Anderson (2006) presented the ideal profile of a skilled and qualified CAE, a profile that is exemplified when the CAE, in partnership with SM and the board/AC, works towards improving corporate governance and internal controls.…”

Section: Institutional Entrepreneurship May Be a Solution In Practicementioning

confidence: 99%

In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective

Lenz

Sarens

Jeppesen

2018

EDPACS

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Internal auditing (IA) effectiveness is still viewed, to large extent, as a 'black box' in academic research. In this paper, relevant empirical studies based on self-assessments of internal auditors and on other stakeholders' perspectives are reviewed through an 'effectiveness lens'. Major patterns are identified in the existing literature, and the paper complements the work of Gramling et al. (2004), who examined the literature related to IA quality, largely from the viewpoint of external auditors. This paper reviews the empirical literature on IA effectiveness that has been published since the latest revision of the IA definition in 1999, using the perspectives of new institutional theory and institutional entrepreneurship (DiMaggio and Powell, 1983;DiMaggio, 1988) as a framework, thereby recognizing the tension between institutional forces and the role of agency. In cases where isomorphic forces are in conflict with other organizational demands, chief auditing executives (CAE) agency can be a solution that enables local adaptation (institutional entrepreneurship). The ability to exploit fully the potential of agency is an opportunity for the CAE to tailor and advance the role of IA in its specific organizational context.

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“…Ouchi (1979) was of the view that internal control must be able to achieve the objective of bringing about cooperation among people with divergent objectives in the organisation. Furthermore, Cahill (2006) defines internal control as a system of internal administrative efficiency which often leads to design of a system that will enhance financial check and balance which will support corrective actions intended by the management of the organisation and will ensure the primary goal of the organisation is achieved.…”

Section: Conceptual Framework 211definition Of Internal Controlmentioning

confidence: 99%

Effect of Internal Control on Financial Performance of Firms in Nigeria. (A Study of Selected Manufacturing Firms)

Eniola¹,

Akinselure²

2016

IOSR

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This study focuses on the effect of internal control on financial performance of some selected firms. The methodology of the study is based on survey research approach. The statistical data used for the study were obtained by distribution of one hundred and fifty (150) questionnaire among selected employees, in the five (5) organisations considered in this research work. These respondent were selected using non-probability sampling method, the data obtained from the questionnaire were analysed using multiple regression statistical tools in SPSS ( Statistical packages for social sciences.). The result of the analysis shows that internal control has significant relationship with fraud perpetrated in the organization, and this was because the P-value obtained (i.e.0.002) using multiple regression was greater than the benchmark value of 5% specified in SPSS for this analysis. Based on this result, the study recommends that management should develop more effective strategies that will ensure that internal control is effective and efficient, so that fraud perpetration in the organisation will be significantly reduced .

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Audit committee and internal audit effectiveness in a multinational bank subsidiary: A case study

Cited by 21 publications

References 8 publications

Evaluation of Internal Control Units for the Effectiveness of Financial Control in Administrative Government Units: A Field Study in Jordan

Evaluation of Internal Control Units for the Effectiveness of Financial Control in Administrative Government Units: A Field Study in Jordan

In Search of a Measure of Effectiveness for Internal Audit Functions: An Institutional Perspective

Effect of Internal Control on Financial Performance of Firms in Nigeria. (A Study of Selected Manufacturing Firms)

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